THE BASHUNDHARA GROUP HAS STARTED OPERATION AS A REAL ESTATE VENTURE KNOWN AS “BASHUNDHARA” UNDER THE AEGIS OF THE GROUP’S FIRST CONCERN – THE EAST-WEST PROPERTY DEVELOPMENT (PVT) LTD IN 1987.
The Bashundhara Group has started operation as a real estate venture known as “Bashundhara” under the aegis of the group’s first concern – the East-West Property Development (Pvt) Ltd in 1987. This project turned out to be a very successful one and had helped faster the growth of trust and confidence of the urban people in “Bashundhara”. Dhaka’s burgeoning population, coupled with a conspicuously slow growth of housing led to the landmark success of Bashundhara.
Driven by the ramifications of this success, Bashundhara geared up to invest in new fields, including manufacturing and trading. More enterprises were established in the early 1990s, covering diverse activities involving the production of cement, paper and pulp, tissue paper, LPG bottling and distribution, and a trading company, among others. The group experienced this tremendous growth in a span of less than 10 years. During this period, additional schemes on land development and real estate were launched and those projects focused more sharply on increasing responsiveness to client needs. The Group’s first publicly-traded company, the Meghna Cement Mills Limited, is currently listed on the two Stock Exchanges of Bangladesh.
The Group now has over 20 major concerns located in different areas of the country. The multi-faceted shopping mall-cum-recreation center called the Bashundhara City (BCDL) has added glamour to the growth of the group. The BCDL is one step ahead in the longstanding effort to strengthen links with the general people through the unique offering of commercial operations and recreation facilities under single roof.
Latest addition to the group is its media house titled “East West Media Group Ltd” which was established in 2009. It now owns Bangla daily – “Kaler Kantho”, “Bangladesh Pratidin”, English daily “Daily Sun” and online portal “Banglanews24.com”. The media house is also planning to launch a FM radio and a television channel as well.
The Group has come a long way in reaching its goals by listening to client needs, learning real-time lessons from past projects, innovating and partnering its project implementation process. Through major investment undertakings in all key sectors, Bashundhara has meaningfully contributed to the country’s economic stability in financial and capital markets. Underlying all of the Group’s activities are the common threads of change, flexibility, and fostering closer ties with the Government, the City Corporation and Bashundhara clients. Most of its projects have been success stories – this fact alone is enough to justify a sense of confidence in the Group’s future.